In an SEC 13F filing released after the market closed today, Berkshire Hathaway revealed an 11% increase ($100 million) in its stake in Amazon during the second quarter of 2019. This stake is now valued at about $1 billion. (Todd Combs or Ted Weschler)
No other major changes were made to Berkshire’s portfolio during the second quarter. Other changes included a 3% increase in its Bank of America holding (Warren Buffett) , as well as a 2% increase in its stake in U.S. Bancorp (Warren Buffett). It also reduced its stake in Charter Communications by 5% (Todd Combs or Ted Weschler).
The total value of Berkshire’s portfolio equaled $208 billion as of June 30, as compared to $199 billion on March 31. Its portfolio consisted of 47 stocks. The top 5 holdings by market value on June 30 were:
(1) Apple — $49.4 billion (Primarily Warren Buffett)
(2) Bank of America — $26.9 billion (Warren Buffett)
(3) Coca Cola — $20.4 billion (Warren Buffett)
(4) Wells Fargo — $19.4 billion (Warren Buffett)
(5) American Express — $18.7 billion (Warren Buffett)
David I Kass
Clinical Associate Professor, Department of Finance
Ph.D., Harvard University
Robert H. Smith School of Business
4412 Van Munching Hall
University of Maryland
College Park, MD 20742-1815
Phone: 301-405-9683
Email: dkass@rhsmith.umd.edu (link sends e-mail)
Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. He currently teaches Advanced Financial Management and Business Finance, and is the Faculty Champion for the Accelerated Finance Fellows. Prior to joining the faculty of the Smith School in 2004, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). Dr. Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), Fox TV, American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by Bloomberg News and The Wall Street Journal, where he has primarily discussed Warren Buffett and Berkshire Hathaway. He has also launched a Smith School “Warren Buffett” blog. Dr. Kass has accompanied MBA students on trips to Omaha for private meetings with Warren Buffett, and Finance Fellows to Berkshire Hathaway’s annual meetings. He is an officer of the Harvard Business School Club of Washington, DC, and is a member of the investment and budget committees of a local nonprofit organization. Dr. Kass received a Smith School “Top 15% Teaching Award” for the 2009-2010 academic year.
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